Independent Proxy Advisory Firms Recommend Converge Technology Solutions Shareholders Vote For the Proposed Acquisition by an Affiliate of H.I.G. Capital

TORONTO and GATINEAU, QC, March 25, 2025 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX:CTS.TO) (FSE:0ZB) (OTCQX:CTSDF) is pleased to announce that two leading independent proxy advisory firms, including Institutional Shareholder Services Inc. ("ISS"), have recommended that holders (the "Shareholders") of common shares of Converge (the "Shares") vote "FOR" the special resolution approving the previously announced statutory plan of arrangement under Section 192 of the Canada Business Corporations Act (the "Arrangement") between Converge and 16728421 Canada Inc. ("the Purchaser"), an affiliate of H.I.G. Capital ("H.I.G."), pursuant to which all of the issued and outstanding Shares will be acquired by the Purchaser for cash consideration of C$5.50 per Share, other than certain Shares held by certain Shareholders who entered into rollover equity agreements with the Purchaser and its affiliates.